The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
Federal officials ignore repeated warnings, and we all pay the price.
Many politicians offer a simplified view of the world—one in which government interventions are all benefits and no costs. That couldn't be further from the truth.
Projections of huge savings are making the rounds. Nothing could be further from the truth.
The longer we wait to address our debt, the more painful it will be.
Delayed payments will increase, and companies will respond by raising interest rates—or denying low-income applicants outright.
Plus: Twitter complies with a greater portion of government censorship requests, a judge allows an antitrust suit against Google to go forward, and more...
In 2019, discretionary spending was $1.338 trillion—or some $320 billion less than what Republicans want that side of the budget to be.
A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
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While some Republicans may have had misguided motivations, a few disrupted McCarthy's campaign in order to enact fiscal restraint. Their colleagues were fine with business as usual.
If lawmakers keep spending like they are, and if the Fed backs down from taming inflation, then the government may create a perfect storm.
The Congressional Budget Office projects that future deficits will explode. But there's a way out.
The biggest beneficiaries of economic growth are poor people. But the deepest case for economic growth is a moral one.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
Prices rose by 0.4 percent in September, faster than economists expected and indicating that rising interest rates aren't getting the job done.
So much for the idea that low interest rates meant the government could borrow endlessly with no consequences.
Democrats Are Trying To Push Through Another 'Build Back Better' Bill. It Would Only Make Inflation Worse.
Here's hoping we don't wind up with more of the spending and favoritism that's become so common.
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A one percentage point increase in interest rates translates into a $30 trillion increase in interest costs on the national debt.
America needs to get its fiscal house in order.
Many Politicians Claim That Increased Spending Sparks Economic Growth. Here's Why That's Misleading.
A new study finds that as the government expands, the private sector shrinks.
Fiscal hawks have been sounding the alarm about rising debt levels for decades, but their nightmare scenario of runaway inflation hasn't come to pass. How do we know if this time is different?
Some economists believe that a negative interest rate policy will stimulate the economy by reducing the cost of loans. That isn’t how it has worked in practice.
Paired with a new round of quantitative easing, the Fed takes us back to the 2008 playbook.
You need to be inoculated from some strange but popular notions about the economy.
The rate cut is too little, too late for Trump, who says after the move that his Fed chair lacks "guts, sense, vision"
Such a move would emulate other economies, risk inflationary bubbles, and benefit his businesses.
Former BB&T Bank CEO John Allison vs. Moody's Mark Zandi
Minutes from the Fed's June meeting indicate that it will continue gradual interest rate hikes.
Texas Tech University's Robert Murphy vs. Cato's George Selgin at the Soho Forum